Jakarta – Indonesia's high rate of inflation will not be quelled by the central bank's decision to increase its benchmark rate earlier this month, an economist says.

Jakarta – Owing in part to the relative strength of Indonesia's economy, last month's on-average 28.7 percent fuel price increase will have a softer impact compared that caused by the 2

Jakarta – Public consumption of illegal textile imports rose to 70.6 percent last year from 49.9 percent in 2006, costing the local industry billions of US dollars, an industry leader s

Aditya Suharmoko, Jakarta – The National Development Planning Agency (Bappenas) has proposed gradually increasing fuel prices to draw closer to international price levels and safeguard

Ika Ningtyas, Jakarta – The head of the Industrial-Trading & Cooperating Agency (Disperindagkop) for Banyuwangi, I Nyoman Wirayatsa, said non-performing loans of small-to medium- si

Jakarta – Indonesia's textile exports to the United States and Japan fell in the first quarter of this year because of the slowing global economy, a consultant firm says.

Ika Krismantari, Jakarta – The recent fuel prices increase has not hampered consumption, with full-year fuel consumption set to rise 10 percent on the back of a growing economy and a ri

Jakarta – Despite a trend of investment growth in the oil and gas sector helped by rising prices of the commodities, Indonesia is still in danger of a sudden capital outflow, a survey s

Aditya Suharmoko, Jakarta – The economy will remain stable throughout the year with strong investment and exports set to compensate for a slight dip in private consumption despite incre

Aubrey Belford, Jakarta – Indonesia will withdraw from the Organisation of Petroleum Exporting Countries after years of declining exports, the energy minister said Wednesday even as oth

Jakarta – The ministry of industry has revised down the country's industrial growth target for the third time in five months to between 4.5 and 5 percent in response to the government's

Jakarta, Pontianak – Business in Indonesia still relies on political rather than technical or professional support, Vice President Jusuf Kalla said Saturday, which allowed unfair compet

Aditya Suharmoko, Jakarta – Contrasting figures between shrinking unemployment and growing underemployment suggest the country's investment climate has yet to support the growth of the

Aditya Suharmoko, Jakarta – The economy grew by 6.28 percent in the first quarter of 2008 from the same period last year on robust growth in investment, exports and spending, the Centra

Aditya Suharmoko, Jakarta – The economy grew at a lesser rate in the first quarter of 2008, compared to in last year's fourth quarter, on a slower growth in investment and consumption a

Aditya Suharmoko, Jakarta – Consumer prices rose to a 19-month high in April, sending jitters over possible sluggish growth in the economy as the central bank is left with less room to

Jakarta – A resources-based commodities boom has boosted the country's export figures in the first quarter of this year by 31.7 percent, the latest survey reveals.

Jakarta – Speculations on the financial market, including futures trading, have exacerbated the energy and food crisis by inflating prices in spite of a global economic slowdown, a disc

Rendi Akhmad Witular, Jakarta – President Susilo Bambang Yudhoyono accepted on Tuesday a proposal from a powerful business lobby to help accelerate private investment in food crops and

Novia D. Rulistia, Jakarta – The government may again reduce its industrial output growth target for this year as soaring oil prices push up production costs and inflation.

Jakarta – Already under threat of a fiscal calamity amid soaring oil prices and unrealistic government fuel subsidy spending, Indonesia is expected to miss this year's oil production ta

Aditya Suharmoko, Jakarta – Inflation is now the main threat to Asian economies, including the Indonesian economy, requiring further tightening of monetary policy, the International Mon

Aditya Suharmoko, Jakarta – Despite healthy growth in bank lending during the first quarter this year, Indonesian banks have been reluctant to lend to the process manufacturing industry

Jakarta – The government hopes to cut the total losses of state companies this year by as much as 92 percent, thanks to strong progress in certain companies, the State Ministry for Stat

Yuli Tri Suwarni and Apriadi Gunawan, Bandung/Medan – Businesspeople in West Java and North Sumatra want new governors in the two provinces to retract business-unfriendly bylaws and rep

Jakarta – Indonesia is the third most optimistic market in Asia after India and China, according to a quarterly investor survey by Dutch financial institution giant ING.

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Jakarta – The House of Representatives on Thursday approved a revised 2008 state budget projecting lower growth and a bigger fiscal deficit amid a weakening global economy.

Aditya Suharmoko, Jakarta – The government remains upbeat the economy will grow 6.4 percent this year on the back of strong domestic consumption, despite a high inflation rate caused by

Novia D.Rulistia, Jakarta – After three years of deliberation, lawmakers endorsed Tuesday a revised shipping bill that will end decades of state monopoly on port ownership.

Aditya Suharmoko, Jakarta – Despite the government's recent measures to ease panic in domestic debt market, concerns over the sustainability of the state budget, coupled with accelerati

Aditya Suharmoko and Abdul Khalik, Jakarta – Following a swift decision by the government Friday to buy back the first lot of Rp 2 trillion (US$217 million) worth of bonds, government b

Jakarta – The Ministry of Finance's Directorate General of Taxation announced Friday a 42.7 percent jump in tax revenue during the first quarter of 2008 on the back of strong corporate

Abdul Khalik, Jakarta – President Susilo Bambang Yudhoyono told top bankers gathered at the palace Friday to further expand real sector credits, particularly for infrastructure and agri

Aditya Suharmoko, Jakarta – The Asian Development Bank has warned Indonesia a large part of its population is still vulnerable to shocks from staple foods inflation, as nearly half its

Aditya Suharmoko, Jakarta – Soaring prices for food, energy and clothes caused inflation to rise at its fastest pace in 18 months in March, making it more difficult for the central bank

Aditya Suharmoko, Jakarta – The World Bank has revised down its forecast on Indonesia's economic growth for this year from 6.4 percent to 6.0 percent after adapting to heightened financ

Jakarta – Responding to the Constitutional Court amendment of Article 22 of the Investment Law, the House of Representatives and the Investment Coordinating Board (BKPM) said Monday the

Jakarta – An expected fresh cash injection from windfall profits from oil exports will allow the government to afford a soaring allocation for fuel subsidies from the state budget, a mi

Novia D. Rulistia, Jakarta – Though rice prices are soaring in the global market, the country's rice production surplus must not be used for exports, analysts say.

Abdul Khalik, Jakarta – The President should issue a new decree slashing corporate tax if the House of Representatives refuses to pass the income tax bill, the chairman of the Indonesia

Aditya Suharmoko, Jakarta – While the global economic slowdown is not expected to greatly affect Asian economies, Indonesia's biggest challenge lays in subduing its inflation rate to pr

Aditya Suharmoko, Jakarta – The World Bank has criticized the government's continuing refusal to cut the onerous fuel subsidy despite evidence the allocation has only benefited wealthy

Tom McCawley, Jakarta – Indonesia, one of Asia's largest fuel exporters, now faces dire power shortages, threatening to hold back an economic recovery which at 6.3 % reached its fastest

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Nana Rukmana, Cirebon – Skyrocketing cooking oil prices have threatened the traditional food industry in Indramayu regency, West Java, putting many cracker producers at risk of going ou

Jakarta – Current global economic conditions have raised concerns whether the market will be receptive to the government's 2008 privatization plan.

Ika Krismantari, Jakarta – New investment in the mining sector is likely to grow at a slow pace this year as investors wait for the enactment of a new mining bill being deliberated at t

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